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Much has been written about the pace of change facing the legal
industry - how certain law firm functions are being replaced by
artificial intelligence and new types of service providers, how
accounting firms are looking to absorb and replace law firms, and
how merging into worldwide mega firms of 3,000 to 10,000 lawyers is
the only way to survive. Steve Jobs and others have called this
evolution "creative destruction". Richard Susskind referred to it
years ago as "the end of lawyers". It is true that the legal market
is facing massive change. Technology, new ways of working,
alternative methods of billing, and highly disruptive new entrants
have all made their mark on the traditional legal business model.
The Future of Law Firm Business Models takes a look at all these
trends and more, horizon-scanning for future developments, and the
ways in which these issues will fundamentally change the market.
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